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This very common, high-mintage Morgan dollar is plentiful in all grades from low-end circulated up through about MS66. However, it does become notably scarce in higher grades and rare above MS67. A tiny number survives in MS68, where pieces sell for extraordinary premiums during bidding wars between registry collectors. Despite huge numbers of typical MS specimens, the population of PLs and DMPLs is disproportionately low, both proving scarce in any grade and rare at MS65 and above.
Obverse Description
Portrait of Liberty centered. On the left are found 7 stars with the words E*PLURIBUS*UNUM followed by 6 stars on the right. The date is positioned at the bottom.
Reverse Description
The heraldic eagle is centered holding a bunch of arrows and branch surrounded by and olive leaves. The words UNITED STATES OF AMERICA * ONE DOLLAR frame the periphery. Mint mark, if any, appears above the letters DO of DOLLAR.
Book Reference
Key to Collecting: The 1884 Philadelphia Mint dollar is readily available in Mint State and has been for many years, even before the Treasury releases of the early 1960’s. Quality varies all over the place, from sharp and lustrous to rather insipid. Today, while the 1884 remains plentiful in terms of single coins, quantities are seldom encountered.
Surface Quality: The striking varies but is usually average or above average. The luster varies from deeply frosty (and desirable as such) to rather grainy and insipid.
Prooflike Coins: Some prooflike pieces exist and are in the distinct minority.
Mintage and Distribution: Although Treasury Department figures for monthly production of 1884 have not been seen for the months from January to June, 1884, the numbers afterward are these: July, 1,000,000; August, 1,200,000; September, 1,200,000; October, 1,300,000; November, 1,350,000; and December, 1,280,165. This would indicate a rate of more than a million dollars per month to create an ultimate total of 14,070,000. Circulation strikes of the high-mintage 1884 dollar have been common from day one. Apparently, many were turned loose in the channels of commerce in the 1880’s, while millions others remained stored in 1,000-coin cloth bags. This reserve was tapped on occasion in the 1950’s, when there were calls by banks for Morgan dollars for use as holiday gifts and souvenirs.
PROOF STRIKES:
Mintage: 875, all from a single pair of dies. First struck on January 3, 1884, per a Mint record book.
Key to Collecting: Good strike and deep cameo contrast.
VARIETIES:
At least 60 die pairs were employed to coin 1884-dated Morgan dollars at the Philadelphia Mint. By 1992, Van Allen and Mallis identified 12 varieties with features such as having a dash under the 8 (VAM 2, 6, 7, and 11, such dashes thought to have been placed in the working die to aid the positioning of the four-digit date logotype), “Very Far Date” (VAM-9, with first digit of date especially far to the left of the neck of Liberty), and a couple of varieties with slight doubling (VAM-10 with doubled 188, stars, and facial features; VAM-12 with some reverse letters doubled).
Catalog Information
GSID:
7492
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, 1884
Reverse Designer:
George T. Morgan
Reverse Lettering:
UNITED STATES OF AMERICA, IN GOD WE TRUST, ONE DOLLAR
Fineness:
0.9
Weight (gr):
26.73 gr
Weight (oz):
0.8594 oz
Precious Metal Weight:
0.7734 oz
Strike Type:
Business
Diameter:
38.1
Coin Shape:
Round
Edge:
Reeded
Coin Date:
1884
Denomination:
$1
Designation:
MS
Mint Location:
Philadelphia
Mintage:
14,070,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7150
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Coin Value History
1884 $1 MS
Value By Grade
1884 $1 MS
CPG (retail) values
Currency
Grade Range
Grading Authority
Sort by
Pricing
Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS68 |
|
$72,000 | $1,234 |
| MS68 | - | $42,000 | $1,234 |
| MS67 |
|
$1,234 | $1,234 |
| MS67 | - | $1,234 | $1,234 |
| MS66 |
|
$1,234 | $1,234 |
| MS66 | - | $1,234 | $1,234 |
| MS65 |
|
$1,234 | $1,234 |
| MS65 | - | $1,234 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 |
|
$1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 |
|
$1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 |
|
$1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 |
|
$1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 |
|
$1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
| XF45 |
|
$1,234 | $1,234 |
| XF45 | - | $1,234 | $1,234 |
| XF40 |
|
$1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
| VF35 |
|
$1,234 | $1,234 |
| VF35 | - | $1,234 | $1,234 |
| VF30 |
|
$1,234 | $1,234 |
| VF30 | - | $1,234 | $1,234 |
| VF25 |
|
$1,234 | $1,234 |
| VF25 | - | $1,234 | $1,234 |
| VF20 |
|
$1,234 | $1,234 |
| VF20 | - | $1,234 | $1,234 |
| F15 |
|
$1,234 | $1,234 |
| F15 | - | $1,234 | $1,234 |
| F12 |
|
$1,234 | $1,234 |
| F12 | - | $1,234 | $1,234 |
| VG10 |
|
$1,234 | $1,234 |
| VG10 | - | $1,234 | $1,234 |
| VG8 |
|
$1,234 | $1,234 |
| VG8 | - | $1,234 | $1,234 |
| G6 |
|
$1,234 | $1,234 |
| G6 | - | $1,234 | $1,234 |
| G4 |
|
$1,234 | $1,234 |
| G4 | - | $1,234 | $1,234 |
| AG3 |
|
$1,234 | $1,234 |
| AG3 | - | $1,234 | $1,234 |
Morgan $1 Pre-1921 MS [Type]
![Morgan $1 Pre-1921 MS [Type]](https://images.greysheet.com/ProductImages/DLRC/194xxx/a15b3867-56c4-4feb-9ccd-68ae7da30226.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $41 – $80,000
Morgan $1 Pre-1921 MS PL [Type]
![Morgan $1 Pre-1921 MS PL [Type]](https://images.greysheet.com/ctc/catalog/90o-pl-obv.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $50 – $7,800
Morgan $1 Pre-1921 MS DMPL [Type]
![Morgan $1 Pre-1921 MS DMPL [Type]](https://images.greysheet.com/ctc/catalog/84cc-dmpl-obv.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $75 – $42,000
Morgan $1 Carson City Mint MS [Type]
![Morgan $1 Carson City Mint MS [Type]](https://images.greysheet.com/ProductImages/DLRC/416xxx/e90065e0-537f-4db8-b2b8-efacd6817cff.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $70 – $50,000
Morgan $1 Carson City Mint, GSA Hoard Hard package MS [Type]
![Morgan $1 Carson City Mint, GSA Hoard Hard package MS [Type]](https://images.greysheet.com/Ctc/CatalogEntry/ha_com_1314_4280-3.20200626010427369.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $270 – $5,400
1878 8TF $1 MS
Worth: $40 – $102,000
1878 8TF $1 MS PL
Worth: $200 – $4,400
1878 8TF $1 MS DMPL
Worth: $575 – $27,000
1878 7TF $1 Reverse of 1878 MS
Worth: $41 – $3,200
1878 7TF $1 Reverse of 1878 MS PL
Worth: $72 – $6,600
1878 7TF $1 Reverse of 1878 MS DMPL
Worth: $240 – $42,000
1878 7/8TF $1 Strong MS
Worth: $45 – $26,400
1878 7/8TF $1 Strong MS PL
Worth: $200 – $9,900
1878 7/8TF $1 Strong MS DMPL
Worth: $425 – $30,000
1878 7/8TF $1 Weak MS
Worth: $41 – $3,200
1884 $1 MS64+ PCGS. CDN: $87 Whsle. Bid for NGC/PCGS MS64. Mintage 14,070,875....
$165
1884 $1 MS65 NGC. Housed in a Generation 6 fatty holder. CDN: $160 Whsle. Bid for NGC/PCGS MS65. Mintage 14,070,875. ...
$195
1884 $1 MS66 NGC. CDN: $450 Whsle. Bid for NGC/PCGS MS66. Mintage 14,070,875. ...
$476
1884 $1 MS62 PCGS. CDN: $68.57 Whsle. Bid for NGC/PCGS MS62. Mintage 14,070,875....
$317
1884 $1 MS63 NGC. CDN: $75 Whsle. Bid for NGC/PCGS MS63. Mintage 14,070,875. ...
$84
1884 $1 MS67+ PCGS. CAC. From a large mintage of more than 14 million pieces, the 1884 Morgan dollar becomes scarce at the ...
$11,400
1884 $1 Poor 1 NGC. NGC Census: (9/22345). Mintage 14,070,875. ...
$117
1884 $1 MS68 PCGS. CAC....
$63,000
1884 $1 VAM 19, Discovery PC, -- Cleaned-- ANACS. AU58 Details....
$55
1884 $1 GSA Soft Pack MS61 NGC. Blue Envelope Included. NGC Census: (305/20986). PCGS Population: (269/20245). CDN: $52 Whs...
$139
1884 $1 VAM-20 AU55 ANACS. Mintage 14,070,875....
$49
1884 $1 VAM-19 XF45 ANACS. Mintage 14,070,875. Incorrectly attributed by ANACS as VAM-8....
$41
1884 $1 ICG AU53
$41
Top 100 VAM: 1884 $1 PCGS XF40 (VAM-3 Large Dot)
$65
1884 $1 Partial E Reverse, VAM-2A MS60 NGC. HOT-50. NGC Census: (0/0). PCGS Population (0/166)....
$72
1884 $1 Vam-4, Small Dot -- Cleaned, Partial Collar -- ANACS. XF Details, Net VF20. Top-100. NGC Census: (0/0). PCGS Popul...
$164
1884 $1 Large Dot AU50 ANACS. VAM-3 Top100. NGC Census: (10/10836). PCGS Population (12/10990). Mintage: 14,070,875. Numis...
$47
1884 $1 MS64 NGC. CDN: $87 Whsle. Bid for NGC/PCGS MS64. Mintage 14,070,875. ...
$159
1884 $1 MS65+ PCGS. CDN: $160 Whsle. Bid for NGC/PCGS MS65. Mintage 14,070,875....
$1,525
1884 $1 MS66+ PCGS. CAC. CAC Population: (203/32). Mintage 14,070,875....
$1,020
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